ANNUAL REVIEW JULY 2021 - JUNE 2022 - JUL 2021 - JUN 2022 ANNUAL REVIEW
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ANNUAL REVIEW
JULY 2021 – JUNE 2022
J UL 2 0 2 1 – J UN 2 0 2 2 A NNUAL REVIEW / 1
Founded in Singapore in 1837, SICC’s purpose was and still is to help businesses and Singapore succeed. Its diverse members form an inclusive, silo-free, ecosystem with an edge where members connect, collaborate, engage, learn, share and succeed. 50% of Chamber members are Singaporean owned businesses and 50% foreign owned. Half are large organizations including multinationals and half are medium, small and start-up companies from all sectors of the economy. The SICC ecosystem champions anti-ageism in the workforce and in society for commercial and societal success. SICC also champions positive workplace culture where employers and employees co-create and sustain workplaces where foreign and local talent are integrated, developed and enabled to excel to achieve personal and commercial success. SICC’s annual business awards celebrate collaborative innovation because that is often the fastest way to innovate and succeed. Last, but not least, SICC advocates the transitioning of businesses and society to circular models of production and consumption to achieve true sustainability for our planet and species in a circular economy. www.sicc.com.sg www.siccawards.com.sg 2 / SI NGAPO R E INTERN AT I ON A L CH A MB E R OF COM M E R C E
Contents
4 Our Purpose and Values
6 Chairman’s Message
9 Corporate Sponsors
10 Premium Members
11 Board of Directors 2021–2022
12 Driving Collaborative Innovation
13 Establishing Key Partnerships
16 Launch of New Chamber Publications
17 Membership
22 Interest Groups
26 Key Events
32 Engagement Platforms
34 Financials
J UL 2 0 2 1 – J UN 2 0 2 2 A NNUAL REVIEW / 3
Our Purpose and Values What is our Chamber’s Purpose? Since its foundation in Singapore in 1837, the Chamber’s purpose has been, and continues to be, to help businesses and Singapore. These dual goals are central to our ethos and to everything we do. Simply put, we strive to work for what is good for business and for Singapore. Our purpose sets us apart from many other trade associations and chambers which have either a foreign national focus or an ethnic, industry or sector focus. What are the Chamber’s Values? Free and fair trade, an open economy, multilateralism, integrated multiculturalism and responsible business. How do we achieve our purpose and demonstrate our values? In alphabetical order we 1. Advocate members’ concerns, queries and views to government and its agencies always with specific recommendations. We are well regarded because we advocate with positive intent always remaining true to our dual goals: good for businesses and for Singapore. This is why we also champion causes to our members aligned to our purpose such as: anti-ageism, talent integration, collaborative innovation, positive workplace culture, sustainability and continual learning for all to sustain success for businesses and for Singapore. 4 / SI NGAPO R E INTERN AT I ON A L CH A MB E R OF COM M E R C E
2. Certify by providing our members and the business community with trade
documentation services which we call Certification Services. We have been issuing
certificates of origin and endorsing shipping documents since 1923. We are also the
sole issuer in Singapore of the ATA Carnet – the passport for goods which allows the
duty and tax-free passage of goods across borders for temporary purposes such as
exhibitions.
3. Connect people to help expand their network for personal and commercial success.
We do this via events, formal written introductions and Interest Group meetings.
The latter allow members to share expertise and knowledge while learning from others.
The SICC advantage is an inclusive platform with no silos where members form
Singapore’s ecosystem with an edge.
4. Provide consistent, quality content via a wide range of events all with a relevant
business focus. Established in 2015, we run the annual SICC Awards for Collaborative
Innovation.
Now read on to learn about how we have delivered on our purpose and values in the
period covered by this report.
J UL 2 0 2 1 – J UN 2 0 2 2 A NNUAL REVIEW / 5
Chairman’s Message Dear Fellow Members By the time you read this, I will have completed my term as your Chairman. It has been an honour to serve and it has been a very busy 3 years not the least because of the impact of the Covid-19 pandemic. Those of you who attended our Chamber’s 181st AGM on 6 June 2022 will recognize much of the content of this report. For those of you who were not able to attend that meeting, it is a pleasure to bring you this comprehensive annual report of the activities of our Chamber for the period July 2021 to June 2022. I hope it inspires you to engage and re-engage with your Chamber and to help drive activities, events and interest groups which meet your evolving business needs. Your input is key to enabling our team to serve you and for you to obtain the value of membership. In terms of activities, we remain a very active Chamber. We continue to have a very engaged and dedicated Secretariat team which works hard to address expressed member needs and to deliver consistent, quality content. Here are the key highlights for the year under review:- First, working for members: 1. We represented members’ concerns to government with the phasing out of the DP LOC system. 2. Our Chief Executive helped many members with re-entry visa difficulties in 2021 to return to Singapore. 3. We championed positive workplace culture in commentaries and by participating in an Alliance for Action. 4. Our Job and Collaboration Portals are currently in development and will be rolled out by August 2022. 5. We published an e-book in January 2022 on Navigating Singapore designed for companies already based here and for prospective investors which has been well received. It is intended as a living document so do please let the Secretariat team know of any omissions. 6. The Certification Services team continued to support our members and customers with high quality services from our office. 6 / SI NGAPO R E INTERN AT I ON A L CH A MB E R OF COM M E R C E
7. We have expanded our membership categories to include:-
• the Individual Membership category for freelancers, entrepreneurs and start-up
owners to provide more people with access to SICC’s network.
• the Young Entrepreneurship Membership category in support of undergraduates and
alumni of our Institutes of Higher Learning members to encourage entrepreneurship and
• We also expanded our Start-Up membership category which is now open to all
start-up businesses not just limited to tech start-ups as before.
On Events & Dialogues:
• Working with multiple members and partners we have delivered over 40 differentiated,
content-rich events and dialogues since the last AGM. This includes the 6th annual SICC
Awards for Collaborative Innovation in hybrid format. Overall total audience: 2,000+
New Initiatives include:
• Leveraging IMDA’s Open Innovation Platform to identify a vendor to co-develop an
e-Carnet application system to improve customer experience.
• We have signed a MOU with the Energy Institute to drive focus on a just transition to clean
energy and net zero emissions.
• We have also signed a MOU with the Joint Foreign Chambers of Commerce in Thailand to
allow their members and ours to enjoy the respective members’ rates for events when in
Bangkok and Singapore.
• Made donations of S$ 50,000 each to Daughters of Tomorrow and to the Association for
People with Special Needs (APSN) in the interests of inclusivity and social mobility.
Value from membership of a business association is largely dependent on how often you use
it and provide input. Please stay active and encourage your colleagues to take part. Please
also encourage your friends and other businesses to join as members. We want to enlarge
the ecosystem with an edge that is formed by the members of SICC for the benefit of
business and Singapore.
The Board and Secretariat exist to help you and your business. We are always open to
constructive advice, feedback, ideas and suggestions as to how we can collectively serve you
better. You can send your suggestions to heretohelp@sicc.com.sg.
J UL 2 0 2 1 – J UN 2 0 2 2 A NNUAL REVIEW / 7
I want to close by thanking my colleagues on the Board and the Secretariat for their support of me during my chairmanship. Special thanks go to our Principal Strategic Partner, Singapore American School, Sponsors and Premium Members for their much appreciated financial and thought leadership support. I also want to thank all of you for being members of SICC and for your contributions to keeping our Chamber active and relevant. One which delivers meaningful activities, quality content and positive win-win outcomes all true to our purpose of helping businesses and Singapore. In closing, I wish each of you continued success and continued positive impact in everything you do. With best regards. Yours faithfully Per Magnusson, Chairman 2021-2022 8 / SI NGAPO R E INTERN AT I ON A L CH A MB E R OF COM M E R C E
Corporate Sponsors
Principal Strategic Partner
Silver Sponsors
Bronze Sponsors
Communications Partner
J UL 2 0 2 1 – J UN 2 0 2 2 A NNUAL REVIEW / 9
Premium Members 1 0 / SI NGAPO R E INTE R N AT I ON A L CHA MB E R OF CO M M E R C E
Board of Directors 2021-2022
Chairman 1st Deputy Chairman 2nd Deputy Chairman
Per Magnusson Martin Hayes Bicky Bhangu
Jebsen & Jessen Robert Bosch (SEA) Rolls-Royce Singapore
Pte Ltd Pte Ltd Pte Ltd
Anthony Lim Dawn Tan Ly-Ru Pamela Qiu Eleanor Lee Ng Gim Choo
Acclaim Insurance Ashurst ADTLaw Control Risks Ernst & Young LLP EtonHouse International
Brokers Pte Ltd Group (S) Pte Ltd School Pte Ltd
Stephen Revell Scott Beaumont Jeffery Tan Kevin Wo Krista Baetens
Freshfields Bruckhaus Google Asia Pacific Jardine Cycle & Microsoft Operations National Australia
Deringer Singapore Pte Ltd Carriage Ltd Pte Ltd Bank
Pte Ltd
Magdalene Loh Tommy Leong Hugh Edmiston David Ong Samantha Ghiotti
Prudential Assurance Schneider Electric Singapore Management Singapore Mentorship SJ Mobile Labs
Company Singapore South East Asia University Committee Pte Ltd
(Pte) Ltd (HQ) Pte Ltd
Abel Ariza Wong Joo Seng Bertrand Stoltz Segsarn Trai-Ukos
Sodexo Singapore Spark Systems STMicroelectronics SICCRA Representative
Pte Ltd Pte Ltd Pte Ltd
J UL 2 0 2 1 – J UN 2 0 2 2 A NNUAL REVIEW / 1 1Driving Collaborative Innovation 2021 SICC AWARDS – CEREMONY & GALA AND TV FORUM The Chamber delivered its very first hybrid SICC Awards Ceremony & Gala with a small studio audience and a larger one online. The highly anticipated results of the 6th annual SICC Awards for Collaborative Innovation were announced at the awards ceremony on 19 October 2021 in the presence of our Guest-of-Honor Ms. Grace Fu, Minister for Sustainability and the Environment. Guests who attended the in-person event at the Suntec Hybrid Studio comprised of the awards finalists, judges, and the Singapore government officials. They were joined by a larger group of over 150 virtual guests that included innovators, business leaders, Chamber members, partners and friends. The learning component of the Awards was the “Collaborate to Innovate” TV program produced by the Awards Official Media Partner Channel NewsAsia. A live recording of event was held at the Singapore Management University School of Law Auditorium on 20 January 2022. The TV program was televised on 31 March 2022 which featured the 2021 Award winners on the panel. 1 2 / SI NGAPO R E INTE R N AT I ON A L CHA MB E R OF CO M M E R C E
Establishing Key Partnerships
COLLABORATING WITH CHAMBER MEMBERS
The Chamber collaborated with several members in delivering its Board Focus Event Series.
This new event series is specially conceptualized for company Boards and aims to cover
topics and themes Boards focus on today.
CYBERSECURITY AND THE BOARD, 16 NOV 2021
The inaugural session kicked off where guest
speakers, Ms. Sunita Chalam from Brunswick
Group and Mr. Jim Fitzsimmons from Control
Risks provided insights on how the management
team can help to govern and shape policies and
procedures to better manage cyber and other
business risks.
ENVIRONMENTAL RISKS AND RESPONSIBILITIES,12 JAN 2022
The Chamber’s second Board Focus Series
focused on companies’ environmental risks and
their responsibilities. It was a strategic
collaboration with Chamber member companies
Brunswick Group, Control Risks and Sherman &
Sterling. Guest speakers, Ms. Reema
Bhattacharya, Ms. Ayesha Khan, Mr. Emmanuel
Jacomy and moderator Mr. Michael Kearns
discussed the business and legal challenges
with navigating complex, differing jurisdictional
standards and benchmarks, the lack of reliable
data, the scarcity of talent and the difference
between what businesses and countries say
and actually do.
J UL 2 0 2 1 – J UN 2 0 2 2 A NNUAL REVIEW / 1 3UNPACKING THE S RISKS IN ESG, 5 APR 2022
The third Board Focus Series webinar took a
deep dive into the S in ESG – the people or
social risks and responsibilities that Boards
need to consider and make decisions about.
This was a continuation of the partnership
between the Chamber and member companies
Brunswick Group, Control Risks and Shearman
& Sterling. The panel comprised of Ms. Joanna
Donne, Mr. James Lewry, Mr. Matthew Skinner
with expert moderation by Ms. Chloé Vialard. A
key takeaway from the discussion was that
businesses can no longer ignore social risks
and responsibilities because stakeholders will
not allow them to.
COLLABORATING WITH EXTERNAL ORGANIZATIONS
WELCOME PROGRAM FOR NEW EP HOLDERS, 19 JAN 2022
In collaboration with the tripartite partners the Ministry of Manpower (MOM), the National
Trade Union Congress (NTUC) and the Singapore National Employers Federation (SNEF),
the Chamber was honored to host the Welcome Program for New Senior Employment Pass
Holders. The aim of this joint initiative is to help international business leaders who are newly
posted to Singapore to learn about Tripartism in this country, workplace culture and realities.
Guest speakers, Dr. Tan See Leng, Minister for Manpower and Second Minister for Trade and
Industry; Mr. Patrick Tay, Assistant Secretary-General, NTUC; Mr. Alexander C. Melchers, Vice
President, SNEF; Dr. Deborah Elms, Founder and Executive Director, Asian Trade Centre, and
moderator Prof. Roy Chua, Associate Professor of Organisational Behavior and Human
Resources, Singapore Management University (SMU) – Lee Kong Chian School of Business
shared their insights on cultural awareness and sensitivity in Singapore’s multi-racial society,
and the importance of mutual understanding amongst employees of different cultural
backgrounds.
1 4 / SI NGAPO R E INTE R N AT I ON A L CHA MB E R OF CO M M E R C ECOLLABORATING WITH EXTERNAL ORGANIZATIONS
ASEAN & COVID-19: UNCERTAINTIES AMIDST SUSTAINABLE AND DIGITAL
OPPORTUNITIES, 16 MAR 2022
The Chamber collaborated with Singapore
Institute of International Affairs (SIIA) to talk
about the current risks, current and future
opportunities in the ASEAN region. A panel
of expert speakers shared their expertise
with the audience. They were Mr. Manu
Bhaskaran, Founding Director and CEO,
Centennial Asia Advisors; Council Member,
SIIA, Ms. Jessica Wa’u, Deputy Director
(ASEAN), SIIA and Ms. Gan Meixi, Deputy
Director (Sustainability), SIIA.
No organization is an island; whilst we all have our own markets, customers and
supply chains, the reality is that we all exist as part of a larger ecosystem. Whether
as individuals or as organizations, we look to that ecosystem as an opportunity
to grow our businesses, reach out for new ideas and fresh insights or sometimes
for help and support. The future of businesses will undoubtedly involve deeper
collaboration and the ability to effectively harness distributed knowledge – I truly
value the relationships within SICC and its ability to help us make these connections
and build stronger and sustainable bonds.
Simon Middlebrough
Chief Executive Officer
Singapore Aero Engine
Services Private Limited
J UL 2 0 2 1 – J UN 2 0 2 2 A NNUAL REVIEW / 1 5Launch of New Chamber Publications
RCEP GUIDES: RCEP BENEFITS FOR THE ADVANCED
MANUFACTURING SECTOR AND RCEP BENEFITS FOR
TRADE IN SERVICES AND INVESTMENT
Once again, the Chamber has commissioned our
partner the Asian Trade Centre to write Plain
English RCEP guides for manufacturing and
services. Our aims are to help you better understand
and use RCEP to benefit your business. We have
chosen these sectors because they represent the
majority of our members. These guides are
available on our website for you to download free of
charge. They join other Plain English guides
published earlier on the EU-Singapore and
EU-Vietnam FTAs.
E-BOOK ON NAVIGATING SINGAPORE
This e-book aims to help companies already based in
Singapore navigate the city-state more easily. It will also
help overseas entrepreneurs and investors understand
the opportunities which Singapore can offer them and their
businesses.
Designed to be a live document, the e-book will be
continually updated when regulations change and based
on what readers like you want to know.
1 6 / SI NGAPO R E INTE R N AT I ON A L CHA MB E R OF CO M M E R C EMembership
MEMBERS OF SINGAPORE INTERNATIONAL CHAMBER
OF COMMERCE ENJOY MANY BENEFITS:
• Open more doors for you and your business • Receive exclusive invitations to member-
by leveraging Singapore’s most diverse only events
and inclusive, independent business
association which has been helping • Take advantage of preferential and priority
businesses and Singapore since 1837 registrations for all other events
• Seize the many opportunities to connect • Receive a complimentary copy of the
with Singapore’s policy makers and political Members’ Directory annually
leaders • Be rewarded for referring new members to
• Utilize the platform to represent your the Chamber
business concerns, requests and views. • Enjoy preferential rates for the issuance of
Few business associations are as credible, certificates of origin and ATA carnets
effective and respected as SICC
• Share your expertise and learn from others • Participate in the annual SICC Awards for
in member-exclusive Interest Groups as Collaborative Innovation
you expand your networks, drive thought
leadership and mould Chamber advocacy
J UL 2 0 2 1 – J UN 2 0 2 2 A NNUAL REVIEW / 1 7SICC in Numbers
10,000 contacts
12 Interest Groups
39 Interest Group
meetings
3 dialogues
4 Public Consultations
11 %
39 events
Americas
2,005 event attendees
1 8 / SI NGAPO R E INTE R N AT I ON A L CHA MB E R OF CO M M E R C EMembers by Nationality
25 %
Europe
15 %
Asia Pacific
excluding
Singapore
1%
Middle East
& Africa 48 %
Singapore
J UL 2 0 2 1 – J UN 2 0 2 2 A NNUAL REVIEW / 1 9Members by Industry
Business Services including
Consultancy
14%
Manufacturers 11%
Traders 10%
Banking and Financial
Services
8%
Education Services 6%
Engineering & Servicing 6%
InfoComm Technology 6%
Retail & Distribution 5%
Chemicals 5%
Transport, Travel & Logistics 5%
Legal Services 4%
Oil & Gas 4%
Construction, Property
& Real Estate 3%
FMCG 3%
Marine 2%
Associations & Government
Organizations
2%
Biomedical 2%
Hospitality Services 2%
Biochem & Pharmaceuticals 1%
2 0 / SI NGAPO R E INTE R N AT I ON A L CHA MB E R OF CO M M E R C EMembers by Category
2021-2022
Events
J UL 2 0 2 1 – J UN 2 0 2 2 A NNUAL REVIEW / 2 1Interest Groups
In a bid to drive deeper collaboration and cross sectoral innovation, Interest Group meetings
are also expanded to include members from other groups so as to encourage different
perspectives and improve the quality of discussions.
Despite the lockdowns, we managed to pivot successfully with technology to hold more than 40
member-exclusive interest group meetings with speakers coming from the public, private and
non-government sectors on a wide array of issues impacting businesses today.
The cross-interest groups format also led to greater interconnection between members and
resulted in record participation numbers.
Our annual Budget Wishlist garnered strong attention in the media and resulted in the
realization of four of our recommendations in the final Budget announcement. We also played
an active role in contributing a public consultation paper to the OECD on the draft
Implementation Framework of the BEPS2.0 Minimum Global Tax.
As a reflection of the Chamber’s support for entrepreneurship and helping businesses of all
sizes, a new Young Entrepreneurs Singapore (YES) Interest Group was established for
start-ups who want to find connections and resources to learn from, scale up and to increase
success.
To sharpen and expand the scope to be more encompassing, the Circular Economy Interest
Group was renamed Sustainability Interest Group to reinforce the increasing importance of
various global environmental issues. The Interest Group also established a cross-sectoral
Working Group with the aim of educating Singapore’s youths on Sustainability.
Victor and Michael welcomed us warmly from the moment we joined Singapore
International Chamber of Commerce (SICC). During this pandemic period, physical
meetings are reduced and discouraged but SICC has shown great dedication to
help us stay relevant and connected with the business community and provide a
valuable platform for networking. The topics presented during the webinars hosted
by SICC often offer a creative angle while being meaningful and insightful. Wallonia
Export & Investment Agency (AWEX) is proud to be part of SICC and look forward
to staying in this family.
Edith Mayeux
Trade Commisioner
Wallonia Export &
Investment Agency
(AWEX)
2 2 / SI NGAPO R E INTE R N AT I ON A L CHA MB E R OF CO M M E R C EINTEREST GROUP MEETINGS & EFFORTS
BUDGET WISHLIST
Vikram Khanna, Associate Editor of Straits
Times cited six of SICC’s Annual Budget
Wishlist items in his article “Three Priorities
for Budget 2022” dated 19 January 2022.
Four of the recommendations in the
Wishlist were eventually covered in the
Budget 2022 delivered by Minister for
Finance Lawrence Wong.
BUDGET 2022
Our Chief Executive Victor Mills was invited
by Channel NewsAsia to be amongst three
panelists to give the Chamber’s views on
the impact of Budget 2022, together with
Lam Yi Young, Chief Executive Officer, SBF
and Lawrence Pek, Secretary General,
SMF.
OECD BEPS 2.0
The Chamber continued to play an active
role in helping businesses in Singapore by
contributing a Public Consultation paper to
the OECD on the proposed draft
Implementation Framework of the BEPS2.0
Minimum Global Tax.
J UL 2 0 2 1 – J UN 2 0 2 2 A NNUAL REVIEW / 2 3INTEREST GROUP MEETINGS & EFFORTS
DIALOGUE WITH MINISTRY OF COMMUNICATIONS AND INFORMATION
The Chamber’s members engaged Dr. Janil
Puthucheary, Senior Minister of State for
Ministry of Communications and Information
on 28 February 2022 on the challenges in
forging Singapore’s digital future and how
Singapore can secure our place in a digital
world.
DIALOGUE WITH NATIONAL TRADES UNION CONGRESS (NTUC)
SICC members engaged Mr. Ng Chee Meng, Secretary
General of NTUC on strengthening the support for PMEs
and NTUC-SNEF PME Taskforce’s Recommendations.
Discussion included how the scourge of discrimination
of all forms, including ageism, can be eradicated from
the workforce by each company co-creating and
co-sustaining with their teams a positive workplace
culture and the plans announced in the Singapore
Budget to help scale them. The success of NTUC’s
Company Training Committees was also shared in this
dialogue.
FIRST IN-PERSON INTEREST GROUP MEETING
- HUMAN CAPITAL INTEREST GROUP
Robert Bosch Singapore hosted the first
in-person Interest Group meeting since the
pandemic at their Singapore office, where
Martin Hayes, Regional President and 1st
Deputy Chairman of SICC, and Anushka
Chandra, Head of Corporate Compliance,
Robert Bosch (SEA) discussed the pros and
cons of working from home or the office.
Sharing about the leadership impetus needed
to make positive workplace culture a reality
in the post-pandemic world, the participants
also went on a site visit of Bosch’s facilities.
2 4 / SI NGAPO R E INTE R N AT I ON A L CHA MB E R OF CO M M E R C ECORPORATE GOVERNANCE & REGULATORY INTEREST GROUP x
SGX REGCO
The Corporate Governance & Regulatory
Interest Group members engaged SGX RegCo
on the roadmap for issuers to provide
climate-related disclosures based on
recommendations of the Task Force on
Climate-related Financial Disclosures (TCFD).
It will subsequently be mandatory for issuers
in various industries progressively between FY
2022, 2023 and 2024.
LIST OF INTEREST GROUPS
ASEAN COLLABORATIVE CORPORATE GOVERNANCE DIGITALIZATION
INNOVATION & REGULATORY
EDUCATION HUMAN CAPITAL LEGAL SERVICES MARKETING
SERVICES
MENTAL SUSTAINABILITY TAX POLICY YOUNG ENTREPRENEURS
WELLBEING SINGAPORE
J UL 2 0 2 1 – J UN 2 0 2 2 A NNUAL REVIEW / 2 5Key Events
DISTINGUISHED SPEAKER SERIES
MR PRITAM SINGH, 8 JUL 2021
The Chamber welcomed members back at Suntec for
the first in person event in 2021. The distinguished
speaker on 8 July 2022 was Mr. Pritam Singh, Leader
of the Opposition. The discussion was on what more
can businesses and society do to reduce the negatives
of racism, nativism and xenophobia and promote the
positives of acceptance, inclusion and mutual respect to
achieve sustained, commercial success.
DEPUTY PRIME MINISTER HENG SWEE KEAT, 11 NOV 2021
The last distinguished speaker series event for 2021 was
with Mr. Heng Swee Keat, Deputy Prime Minister and
Coordinating Minister for Economic Policies. Minister
Heng discussed the major uncertainties confronting the
world today and talked about the opportunities for
Singapore and businesses to take advantage of in
shaping our world.
MR ONG YE KUNG, 30 MAR 2022
The Chamber was pleased to host Mr. Ong Ye Kung,
Minister for Health as the first distinguished speaker
in 2022 for the Distinguished Speaker Series (DSS)
event. Minister Ong discussed the lessons from the
pandemic and the importance of building and
sustaining trust. He also engaged in a lively Q & A
session with guests on numerous topics relating to
overseas travel, mental wellbeing, flexible work
arrangements, vaccinations and manpower issues.
2 6 / SI NGAPO R E INTE R N AT I ON A L CHA MB E R OF CO M M E R C EDISTINGUISHED SPEAKER SERIES
MR LAWRENCE WONG, 24 MAY 2022
The Chamber was honored to host Mr. Lawrence
Wong, Minister for Finance as our Distinguished
Speaker. More than 100 Chamber members, guests
and business leaders attended the event. The topic
was on continual restructuring and transformation of
Singapore’s economy. Minister Wong highlighted the
uncertain state of the world in public health,
geo-political and economic terms. He also mentioned
that Singapore’s fundamentals remain strong for the
economy notwithstanding all the geo-political and
economic headwinds and reiterated the government’s
commitment to stregthening partnerships with trade
associations, chambers, unions and businesses for
our collective, sustained success.
MINDFULNESS AT WORK SERIES
EMPATHIC ENGAGEMENT, 22 JUL 2021
The topic for the third “Mindfulness at Work” Series
was on the transformative power of empathy for
everyone in an organization. Guest Speaker
Mr. Ronnie Sabnani, Managing Principal, Infinye
Incorporated delved deeper into how empathy plays a
role in engaging more effectively at work and at home.
J UL 2 0 2 1 – J UN 2 0 2 2 A NNUAL REVIEW / 2 7MINDFULNESS AT WORK SERIES
LEADING WITH INTEGRITY, 28 OCT 2021
Building on to the past three instalments of the
“Mindfulness at Work” Event Series, the
Chamber’s Guest Speaker Mr. Ronnie Sabnani,
Managing Principal, Infinye Incorporated shared
useful tips to help one develop a leadership style
with a high degree of integrity, authenticity and
selflessness.
GOVERNMENT DIALOGUES
DIALOGUE WITH MINISTER FOR MANPOWER, DR. TAN SEE LENG, 24 SEP 2021
*SUPPORTED BY HUMAN CAPITAL INTEREST GROUP
The Chamber was honored to host Dr. Tan See Leng, Minister for Manpower and Second
Minister for Trade and Industry as the guest speaker for a closed-door, virtual dialogue. More
than 100 Chamber members, business leaders and Singapore government officials attended.
Dr. Tan See Leng shared MOM’s efforts in sustaining the Singaporean core and highlighted the
importance of attracting global talent and businesses to the country. He was joined by his
ministerial colleagues, Dr. Koh Poh Koon, Senior Minister of State for Health and Manpower
and Ms. Gan Siow Huang, Minister of State for Education and Manpower in a dialogue that
covered a wide range of topics related to manpower matters.
2 8 / SI NGAPO R E INTE R N AT I ON A L CHA MB E R OF CO M M E R C EDIALOGUE WITH CSA & IMDA: DATA PROTECTION AND YOUR BUSINESS,
18 NOV 2021
The Chamber held a virtual dialogue on
cybersecurity and data protection with a panel of
expert speakers from both the public and private
sectors. The panelists were Ms. Veronica Tan,
Director of Safe Cyberspace in Cyber Security
Agency of Singapore (CSA); Mr. Justin Lee, Senior
Associate (Technology, Media &
Telecommunications), Chamber member Rajah &
Tann Singapore LLP and Mr. Dominic Ng,
Certifications, Data Innovation and Protection
Group of Infocomm Media Development Authority
(IMDA).
DIALOGUE WITH DR. TAN SEE LENG, MINISTER FOR MANPOWER, 7 APR 2022
*SUPPORTED BY HUMAN CAPITAL INTEREST GROUP
Dr. Tan See Leng, Minister for Manpower and Second Minister for Trade and Industry shared
MOM’s overarching message and ways the ministry needs to build a diverse and inclusive
workforce. Following his address, Dr. Tan was joined by his ministerial and Parliamentary
colleagues, Dr. Koh Poh Koon, Senior Minister of State for Health and Manpower, Mr. Zaqy
Mohamad, Senior Minister of State for Defence and Manpower and Ms. Gan Siow Huang,
Minister of State for Education and Manpower in a robust dialogue session with members.
J UL 2 0 2 1 – J UN 2 0 2 2 A NNUAL REVIEW / 2 9OTHER EVENTS
UNDERSTANDING RCEP OPPORTUNITIES FOR YOUR BUSINESS, 8 FEB 2022
The Chamber was founded on 8 February 1837, and
we marked the 185th anniversary with an in-person
event on RCEP and what it means for businesses on
this special day. Guest speaker, Dr. Deborah Elms,
Founder and Executive Director of the Asian Trade
Centre unpacked RCEP with a focus on services,
including investments, and manufacturing. She also
pointed out RCEP is a powerful new trade agreement
that links Asian markets together.
SICC POST-BUDGET TALK, 24 FEB 2022
Ms. Selena Ling, Chief Economist, Head of
Treasury Research & Strategy, OCBC Bank; Dr.
Chua Hak Bin, Regional Co-Head of Macro
Research, Maybank Investment Bank Group, and
Mr. James Choo, Partner, International Tax and
Transaction Services, Ernst & Young Solutions
LLP were the invited speakers for the Annual
Post-Budget talk. The sharing of Budget 2022
focused on digitalization, transformation and
internationalization.
Having been exposed to so many business chambers and associations in my
area of work, I must say that I am utmost impressed with SICC - its strong
leadership and very professional team. The whole experience starting from the
warm welcome and induction of new members, the constant value-adding
through regular events, talk series with industry and government leaders on
latest current issues, interets group discussions and business advocacy and so
forth. SICC never fail to exceed my expectations. In fact, I have successfully
developed partnerships for my organization with the contacts made through
SICC. I would strongly recommend SICC as a valued chamber for any business
organization.
Corrine Ong
Deputy Director
Nanyang Technological
University
3 0 / SI NGAPO R E INTE R N AT I ON A L CHA MB E R OF CO M M E R C ENEW EVENT SERIES - SUSTAINABILITY SERIES
The SICC Sustainability Event Series is exclusively sponsored by the Chamber’s Principal
Strategic Partner Singapore American School (SAS). It focuses on two key pillars of
sustainability: people and planet and how much human wellbeing is dependent on us taking
care of our planet.
BUILDINGS: A SUTAINABLE FUTURE, 9 DEC 2021
The first webinar focused on green buildings with
the spotlight on SAS’ own campus as a case
study. Ar. Tang Kok Thye, President of the
Singapore Green Building Council shared
Singapore’s green building journey and Green
Building Master Plan 2030. Mr. Simon Thomas,
Director of Facilities and Services of SAS talked
about SAS’ high-performing buildings and smart
campus vision.
FOOD SUSTAINABILITY: TOWARDS ZERO WASTE, 21 APRIL 2022
The second Sustainability Series event was on
food sustainability. Three guest speakers shared
what they do to achieve positive impact for our
community, for themselves and for our planet. They
were Mr. Nicholas Ng, Co-Founder, The Food Bank
Singapore; Mr. Simon Thomas, Director of
Facilities and Services, Singapore American
School, and student representative Ms. Kyra
Ramesh Krishna.
J UL 2 0 2 1 – J UN 2 0 2 2 A NNUAL REVIEW / 3 1Engagement Platforms
MEMBERS’ DIRECTORY
SICC Members’ Directory
The Members’ Directory is an important business resource
guide for members and the wider business community in
Singapore. Published annually, the publication is useful for
business networking and identifying new opportunities.
SICC Online Members’ Directory
The search function within the online members
directory allows members and non-members
to contact businesses. The online Directory
is updated regularly to reflect latest updates
by member companies.
E-NEWSLETTERS
Our weekly e-newsletter
MemberCONNECT
is published every
Tuesday for our members
and friends and it carries
details of interest groups,
Chamber events and
thought leadership content.
REACH
10,000 The Members Helping Members
e-newsletter features exclusive
BUSINESS offerings by Chamber members
PROFESSIONALS and only shared within SICC
members network.
3 2 / SI NGAPO R E INTE R N AT I ON A L CHA MB E R OF CO M M E R C EWEBSITE AND MICROSITE
www.sicc.com.sg
www.siccawards.com.sg
SOCIAL MEDIA
948
subscribers
6,332
followers
3,266
followers
2,735
page likes
J UL 2 0 2 1 – J UN 2 0 2 2 A NNUAL REVIEW / 3 3Financials The SICC financials as at 31 December 2021 have been sent to all members as part of the notice of the 2022 SICC Annual General Meeting. If members wish to receive another copy of the financials, please contact publications@sicc.com.sg. 3 4 / SI NGAPO R E INTE R N AT I ON A L CHA MB E R OF CO M M E R C E
www.sicc.com.sg | heretohelp@sicc.com.sg
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